Host Hotels & Resorts (NASDAQ:HST) Hits New 52-Week Low - Here's Why

Host Hotels & Resorts, Inc. (NASDAQ:HST - Get Free Report)'s share price reached a new 52-week low on Tuesday . The stock traded as low as $15.26 and last traded at $15.37, with a volume of 2058781 shares changing hands. The stock had previously closed at $15.90.

Wall Street Analyst Weigh In

HST has been the topic of a number of research analyst reports. Stifel Nicolaus dropped their price objective on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a "buy" rating on the stock in a report on Friday, November 22nd. Wells Fargo & Company cut their price target on Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Raymond James decreased their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating for the company in a report on Tuesday, February 18th. UBS Group reduced their price target on Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Tuesday, January 28th. Finally, Compass Point lowered shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $20.00 to $18.00 in a research report on Monday. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $20.21.

Host Hotels & Resorts Trading Down 1.9 %

The company has a debt-to-equity ratio of 0.77, a current ratio of 1.91 and a quick ratio of 2.90. The business has a 50-day simple moving average of $16.72 and a two-hundred day simple moving average of $17.46. The stock has a market cap of $10.90 billion, a price-to-earnings ratio of 15.75 and a beta of 1.30.

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Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.29. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.37 billion. Equities analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 5.13%. Host Hotels & Resorts's dividend payout ratio is currently 80.81%.

Hedge Funds Weigh In On Host Hotels & Resorts

Institutional investors and hedge funds have recently made changes to their positions in the company. National Pension Service acquired a new position in Host Hotels & Resorts in the 4th quarter valued at $26,000. Jones Financial Companies Lllp grew its stake in shares of Host Hotels & Resorts by 202.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company's stock valued at $28,000 after acquiring an additional 1,088 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Host Hotels & Resorts by 94.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company's stock worth $36,000 after acquiring an additional 991 shares during the period. Kestra Investment Management LLC acquired a new stake in Host Hotels & Resorts in the 4th quarter worth about $40,000. Finally, Eastern Bank acquired a new stake in Host Hotels & Resorts in the 4th quarter worth about $45,000. Institutional investors and hedge funds own 98.52% of the company's stock.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. It operates through the following geographical segments: United States, Brazil, and Canada. The company was founded in 1927 and is headquartered in Bethesda, MD.

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